Transaction for which the profit center is not entered or defined in the master records are posted to : Internal Orders G/L Accounts Suspense Accounts Dummy Profit Center.
Currencies used for Profit Center: Group Currency Controlling Area Currency Specified Profit Center Currency Object currency Operating Currency.
The system automatically stores data in both company Code currency and the Profit Center Currency. True False.
You have an opiton to chose to store the data in the Transaction Currency. Yes No.
What are the views available for Profit centre Accounting Legal View Group View Profit Center View.
Match the following Valuate Material stock and goods movement with the same valuation approach as used in company codes. Transfer using a group cost of sales approach eleminating Profit Transfer using a Transfer prices which includes profit.
Profit center also have a standar hierarchy True False.
The Standar Hirearchy of a cost centre can be used to create a Standard Hierarchy of the profit center, by copying the same , if the profit center structure is similar to the cost center structure True False.
The nodes in the standard hierarchy must be created in the profit center and it should be similar to that of the cost center Std hierarchy, before copying the standard hierarchy from the cost centers. True False.
A profit center has not validity period. True False.
Profit centers can be locked against postings for a specified time of itnervals. True False.
If the account assignment object is posted to the locked profit center, the system does not give any warning or errors but posts the transactions to the dummy profit center True False.
By default the profit centers are assigned to all company codes assigned to the controlling area. True False.
It is not possible to exclude any company code for any profit centers. True False.
A dummy profit centere can be copied from the existing profit center True False.
A Dummy profit center is time dependent. Posting to the same are not allowed after a certain period of time. True False.
Profit center Groups are the same as the Standar Hierarchies. True False.
All the profit centers avaialble in the standar hierarchy should also be a part of the profit center groups True False.
You need to assing profit centers to all the account assignment objects, to which costs and revenues are posted. True False.
When a controlling object is assigned to a profit center, the controlling area of the conrolling object and the controlling area of the profit center need not be same. True False.
The validity period of the cost center has no reference to the validity period of the profit center , if a cost center is assigned to a profit center. True False.
An assignment of a cost center or internal order to a profit center also implicitly assigns all Assets assigned to this cost center or internal order to the profit center as well. True False.
In a project the profit center is assigned to which of the following. Work breakdown structure element( WBS element) Network heading Network activities.
Matrials are assigned to profit centers at Plant Level Company Code level Client Level Ctonrolling area Level.
The _____ provides you with an overview of all the assignments you have made to profit centers and asupports you when you make or change assignments.
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